India's Special Incentive Package Scheme (SIPS), aimed at galvanising investments in semiconductor fabs, ecosystem units and solar PV projects, has attracted 26 proposals, together worth more than Rs 2,29,000 crore.
The ambitious scheme — the Government's endeavour to position India in the league of global hi-tech manufacturing destinations — closed on March 31, 2010, three years after it was flagged off by the Centre. With the SIPS counter now closed, no new applications will be accepted by the Department of IT (DIT) under the scheme, although the processing of existing applications will continue.
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